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Reliance Industries, Jio Platforms Share Price in Focus: Reliance Industries and Jio Platforms, two of India's biggest stocks in terms of market capitalisation, are expected to remain in focus in today's trading session after both companies reported an increase in net profit for the quarter ended September 30, 2026.
Shares of Reliance Industries, the Reliance Group's biggest company, settled 0.2 per cent lower at Rs 1,164.90, down Rs 2.5. Jio Platforms, which recently made its stock market debut, settled over 1 per cent higher, gaining Rs 15.90 to Rs 1,431.30.
Reliance Industries Q2 Results
Reliance Industries reported a 40.6 per cent year-on-year increase in consolidated net profit to Rs 25,548 crore in the second quarter of FY27, supported by stronger refining margins and growth in its digital services business.
The company's revenue from operations reached a record Rs 3.38 lakh crore, marking a 28 per cent rise compared with the year-ago period.
The improvement in profitability was led by stronger refining margins, which boosted earnings from the oil-to-chemicals business. The digital services segment provided additional support through higher per-user earnings.
However, the retail business delivered relatively weaker performance, weighing on the company's overall growth momentum during the quarter.
Jio Platforms reported a 13.7 per cent year-on-year increase in net profit to Rs 8,389 crore for the September 2026 quarter. This marked the company's first quarterly results announcement since its stock market debut.
Revenue rose 11.4 per cent to Rs 40,475 crore, driven by subscriber additions, higher average revenue per user (ARPU) and growth in digital services.
The company added 91 lakh subscribers during the quarter, taking its total subscriber base to 54.24 crore. Its 5G user base also crossed 30 crore.
Jio Platforms Chairman Akash Ambani outlined plans focusing on enterprise services, international markets and emerging technologies such as 6G and artificial intelligence.
Reliance Industries, Jio Platforms Share Price Targets
Brokerages have shared their outlook on Reliance Industries and Jio Platforms following the announcement of their results for the quarter ended September 30, 2026. Their recommendations and share price targets provide an indication of their respective views on the two stocks.
Reliance Industries Share Price Target
| Brokerages | Recommendation | Target Price | Upside% |
| Emkay | BUY | Rs 1,550 | 33.1% |
| PL Capital | BUY | Rs 1,490 | 27.9% |
| Equirus Securities | LONG | Rs 1,537 | 31.9% |
| Motilal Oswal Financial Services (MOSL) | BUY | Rs 1,520 | 30.5% |
| Nuvama | BUY | Rs 1,703 | 46.2% |
Reliance Industries has received positive recommendations from all five brokerages in the list, with share price targets ranging from Rs 1,490 to Rs 1,703. Based on the current market price of Rs 1,164.90, these targets indicate a potential upside of 27.9 per cent to 46.2 per cent. Nuvama has the highest share price target of Rs 1,703, followed by Emkay at Rs 1,550 and Equirus Securities at Rs 1,537. MOSL and PL Capital have set targets of Rs 1,520 and Rs 1,490, respectively.
Jio Platforms Share Price Target
Motilal Oswal Financial Services (MOSL) has maintained a BUY rating on Jio Platforms, with a share price target of Rs 1,515.
| Brokerage | Recommendations | Target Price | Upside% |
| Motilal Oswal Financial Services (MOSL) | BUY | Rs 1,515 | 5.8% |
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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